Standard Chartered's Bold Analogy: Ethereum in Its 'Amazon 2001' Phase, Targets $4,000 by Year-End

Standard Chartered's digital asset research head draws parallels between Ethereum's current state and Amazon post the 2001 dot-com bust. Despite price corrections, core on-chain metrics like transaction count and TVL are near all-time highs, indicating a stark divergence from fundamentals. The bank reiterates bullish targets, citing Ethereum's dominance in stablecoins and tokenized real-world assets, alongside upcoming technical upgrades and regulatory tailwinds as key growth drivers.

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